{"data":{"id":"us-tx/tex.-special-district-local-laws-code-6905.261","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 6905.261","heading":"USE OF BOND PROCEEDS.","body":"(a) The district may set aside an amount of proceeds from the sale of bonds issued under this subchapter for:\n(1) the payment of interest expected to accrue during construction not to exceed three years;\n(2) a reserve interest and sinking fund; and\n(3) other funds as may be provided in the resolution authorizing the bonds or in the trust indenture.\n(b) The district may use proceeds from the sale of the bonds to pay any expense necessarily incurred in accomplishing the purpose of the district, including:\n(1) any expense of issuing and selling the bonds; and\n(2) the amount needed to operate the district during construction of the improvements.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE B. FRESH WATER SUPPLY DISTRICTS","CHAPTER 6905. BEEVILLE WATER SUPPLY DISTRICT","SUBCHAPTER F. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6905.htm#6905.261","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"2d2bbaec058100d6d09c168d229746bf84878ea722adeaa73926d1863f9b50ee","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-6905.260","next":"us-tx/tex.-special-district-local-laws-code-6905.262"},"notice":"GroundRules: Original legal text. Not legal advice."}